XRP’s ‘Bearish Skew’ Persists Amid 10% Price Slide Following SEC Appeal and ETF Filing

Just as optimism was about to surge, clouds rolled in, pushing prices lower.Source

Bitcoin Flat Near $61K as Whales Continue to Accumulate; XRP Down 10% as SEC Appeals Case

PLUS: AI tokens not moving despite a $6.6 billion fundraise from OpenAI.Source

SEC Files Notice of Appeal in Case Against Ripple

The U.S. Securities and Exchange Commission announced it would appeal a federal judge’s ruling in its case against Ripple on Wednesday.Source

Bitcoin Bounce Above $62K Quickly Fades; Ether, XRP, ADA, LINK Lose as Torrid October Continues

Bitcoin’s price is currently retesting its “Bull Market Support Band” trend indicator, where prices often rebounded from pullbacks during uptrends.Source

SEC Enforcement Director Gurbir Grewal Is Leaving the Agency

Gurbir Grewal, the U.S. Securities and Exchange Commission’s (SEC) director of enforcement, is stepping down and departing the agency, according to a Wednesday press release.Source

Kamala Harris’s Unrealized Capital Gains Tax Would Hurt All Crypto Investors

The proposed 25% levy would hurt early investors in bitcoin and lead to a selloff in the wider market, says Zac Townsend, CEO and co-founder of Meanwhile.Source

Fan Tokens Have Much Larger Market Than NFTs, Says Chiliz CEO as Blockchain Prepares New Memecoin ‘Pepper’

The Chiliz blockchain is aiming to become “the sports blockchain,” its CEO Alexandre Dreyfus told CoinDesk in an interview, while also calling out the disproportionate historical hype around NFTs in comparison to fan tokens.Source

The Protocol: Inside North Korea’s Campaign to Put Crypto Developers on Payroll

In this week’s issue of CoinDesk’s weekly blockchain tech newsletter, we’ve got names, details and anecdotes on crypto companies’ unwitting hires of North Korean developers. PLUS month-end rankings for bitcoin, ether and other digital assets in the CoinDesk 20 index during a strangely bullish September.Source

Indiana Man Pleads Guilty to Stealing $38M in Crypto Via ‘Cyber Intrusion’

An Indiana man has pleaded guilty to taking part in the “cyber intrusion” of a Sioux Falls, South Dakota-based financial services company, during which he and unnamed co-conspirators hacked into the company’s servers, stole customers’ personal information, and then stole nearly $38 million in cryptocurrency from 571 victims.Source